Sportsman’s Warehouse: Gander Mountain liquidation not impacting bottom line
By Christen Smith
Sportsman’s Warehouse CEO John Schaefer says Gander Mountain’s liquidation hasn’t impacted the company’s bottom line. He said 2017 sales would fall short of last year, as expected. (Photo: Sportsman’s Warehouse)
Sportsman’s Warehouse’s chief executive officer said last week a competitor’s nationwide liquidation hasn’t impacted the company’s bottom line.
“We don’t have the issues that some people have, where they have to promote because of Gander closing,” said CEO John Schaefer, during a conference call with investors Thursday. “We only have three stores that were impacted by Gander and frankly all three of those stores are just fine. We’re not in the Midwest, where other competitors are probably seeing a larger impact from those liquidation sales and are being forced to promote their way down to compete with that.”
One of those competitors — Nebraska-based Cabela’s — blamed Gander specifically for its weak second quarter sales.
“Merchandise sales were challenging in the second quarter,” said Tommy Millner, Cabela’s chief executive officer, in a press release earlier this month. “Since the fall election, we have continued to see a slowdown in firearms and shooting related categories. This slowdown was even more pronounced in the second quarter due to the impact of inventory liquidation by a major